BNP Paribas already has more than 1,800 employees in Portugal,
according to a recent job advert posted on its website through
which it was recruiting for its Group Finance Service hub in
Lisbon. That unit is responsible for compiling and processing
accounting and financial information.

A source from another union confirmed the statement from Force
Ouvriere (FO) and said that some employees in Paris would have to
change roles when the 45 finance, accounting and stress- testing
jobs move to Lisbon.

Out of the 45 positions, BNP will take back control of 13 jobs
that are currently undertaken externally before moving them to
Lisbon, while nine would be newly created, FO said.

The unions called it a second wave of job transfers after BNP set
up a 'European Finance Operations Center' in Lisbon in 2015
employing about 200 people. Hourly labor costs in Portugal were
13.7 euros in 2016, compared with 35.6 euros in France, according
to Eurostat data.